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Association Members

Agara Sugar Company


Agara Sugar Company is the only company in Georgia that produces white sugar. Since its foundation (1932) it produces white sugar in compliance with the state standards and norms. Sugar production is a non-stop 24 hour process. The company employs 530 people. Daily production of the factory amounts to 600 tons of white sugar, while annual productions is 150 000 – 160 000 tons of white sugar. Annually, the company pays to the state budget approximately GEL 21 m.

Archi Group


Archi Group was launched in 2006. Initially, the company concentrated on investment and consulting, however since 2008 it has actively entered Georgia’s real estate development market. Archi Group has a network of partners in Georgia as well as abroad.
Archi Group is among one of the first companies to take quality construction and ecology seriously. Only energy efficient materials are used during construction.
Archi Group implements construction projects in almost all districts of Tbilisi. Large scale projects are underway in the central neighbourhoods of the capital, one of them being a multifunctional residential complex - Archi Tower - on Chavchavadze Avenue. 
The company owns a network of already operational hotels such as: Sunset Kvariati – the hotel style elite apartments in Kvariatil, Sunset Shovi – the first four-star hotel in the resort of Racha, Shovi and in Old Tbilisi, a boutique style hotel, Silver 39 is being constructed. 



Pharmaceutical Company Aversi was founded in 1994. Its first step in business was the import of medicines. But over time the scale of the company expanded. Today Aversi is one of the largest pharmaceutical companies not only in Georgia and South Caucasus, but in the post-Soviet region. Its network of pharmacies unifies more than 225 stores. About a decade ago, founder of the company initiated launching of a global pharmaceutical enterprise “Aversi-Rational”. Today its products are competitive to global pharmaceutical brands not only within our country, but in Azerbaijan, Armenia and Ukraine. Aversi founder also initiated wide-scale project “Network of Aversi Clinics”. Currently Aversi Clinics owns and operates 9 medical facilities all over Georgia.
Moreover, Aversi is a founder of the “Alpha” insurance company. Aversi is duly qualified by the society as a charity organization. Support and help of socially vulnerable groups is an expression of good will by Aversi leadership.

Bank of Georgia


Bank of Georgia is the leading bank in Georgia, with more than a third of the market share based on total assets, total loans, total deposits and total shareholders’ equity.
The Bank offers a broad range of corporate banking, retail banking, wealth management, brokerage and insurance services to its clients.

Bank of Georgia has 164 branch offices throughout the country, including full-service offices, service centers and small-size service points. The largest network of ATMs in the country includes 431 ATM machines and 104 POS terminals. The bank also offers full service distance banking and a modern call center. Main elements of the strategy of the Bank include maintenance of the leadership position in developing Georgian banking market, uphold steady and profitable growth rates, increase of loans portfolio while maintaining assets quality, and a synergic growth of the Georgian insurance, healthcare and affordable housing markets in Georgia.   

Bank of Georgia stocks is listed on the main market of the London Stock Exchange (BGEO:LN) and has rankings from three global ranking agencies: Standard & Poor’s ‘BB-/B’, Fitch Ratings ‘BB-/B’, Moody’s ‘B1/NP’ (FC) & ‘Ba3/NP’ (LC).



Basis Bank was founded in 1993. The bank’s management directed all their resources to accomplish a major business conception –creation of a niche Bank with a customer-focused approach based on strong communication ties with customers. Throughout the early years of operation, the Bank was steadily growing, raised awareness and gained the status of a reliable partner in the region.
In 2008, EBRD became the owner of a 15% block of shares of Bazis Bank. In 2012, the largest Chinese company Hualing Group purchased 90% of the bank's shares. Today, this proportion has increased to 99.8%. The Hualing Group started investment projects in Georgia since 2007. So far, Hualing Group carried out 5 major investment projects in Georgia, with a total investment amount of 500 000 000 US dollars by the end of 2014. Based on data of 2014 year Hualing Group was nominated as leading, foreign investment company in Georgia.
Today annual turnover of Basis Bank exceeds 46 million GEL. The amount of taxes equals to 4.6 million GEL. The bank employs to more than 300 persons.



Since 1999 BDO is one of Georgia's largest accountancy firms, currently 4th  in national ranking.
With the offices in Tbilisi and Batumi we provide our services to a diverse range of clients, from large corporate organizations to private businesses, public sector and individuals across a broad array of industry sectors.
Being one BDO (with more than 100 professionals) is a challenge we share with all member firms worldwide (154 countries), a challenge solidly relying on unique BDO experience, values and relationships. Our service lines are: Audit & Assurance, Tax, Outsourcing, Business Advisory and Legal.
We enjoy outstanding relationships with our clients by focusing on what is important to them, adopting a partnership-style approach, being responsible and reliable, keeping our promises and maintaining open and frank communication. Our approach to relationships allows us to partner with our clients and really get to know them and their organisation.
Using this insight, BDO’s team looks for innovative ways to help company’s clients maximise growth opportunities, improve processes and avoid pitfalls.
BDO – The Leader for Exceptional Client Service!




Company IDS Borjomi Georgia is a part of IDS Borjomi International. IDS Borjomi International is the biggest producer of natural mineral water and market leader in bottled natural mineral waters in the CIS and the Baltics.
IDS Borjomi Georgia is a leader in the mineral water market in Georgia. Its product range includes “Borjomi”, “Likani”, “Borjomi Springs” and “Bakuriani” brands. The world-famous mineral water brand “Borjomi” is exported to thirty countries worldwide. 

Borun Group


Borun is a holding company with operations throughout Georgia and covering different business areas, including: mining, construction, agriculture and consulting. All 6 member companies have operations within the Georgian market, while some of them export products to the EU.  Borun Group is aimed at increasing its market share and achieving leadership position in their respective fields. The group is open to joint ventures and investment opportunities together with transnational companies and institutes, thus creating a modern, transparent and independent corporate structure. 

Cartu Bank


Cartu Bank was established as a Joint Stock Company in 1996 and received a banking license from the National Bank of Georgia on January 9, 1997. At the early stage of starting its operations, the Bank’s client-oriented management led to its image and prestige. Cartu Bank offers its customers a stable development. The Bank is constantly improving the existing  and creating the new products, services and procedures.

The bank was established with equity of $1 million (equivalent in GEL), which was gradually increased by the founders and today it amounts to 114,430,000 GEL.

The Bank’s mission is to finance the strategic fields of the country that will make substantial contribution to the growth of Georgian economy and development of businesses. For this purpose, Cartu Bank is closely involved in the projects initiated by the government of Georgia, offering businesses the consumer-oriented credit programs - within the frameworks of state projects -“Produce in Georgia” and “Preferential Agro Credit.” For the active participation in these projects the Bank received the Certificate of Appreciation from the Entrepreneurship Development Agency (Enterprise Georgia) in 2015. JSC Bank Cartu constantly diversifies its portfolio across the sectors and regions.

From the latest developments of JSC Bank Cartu particularly important is the IDR (Issuer Default Rating) rating „B+ with Stable Outlook” received in 2015 from the international financial institution Fitch. This expresses the strength of the bank, the highest standards of its activities and development that will contribute to establish partner relations with local and international financial institutions. 

Caucasus Online


Caucasus Online LLC is one of the Georgia’s leading telecommunication companies. The company was founded in 1998 under the name of Caucasus Network and was one of the country’s first Internet providers. Later in 2006 as a result of the merger of three major Georgian ISPs: Caucasus Network, Georgia Online and SaNet - Caucasus Online emerged as a new company in Georgia's telecommunications market. In 2008 Telenet, the main provider of fixed wireless broadband in Georgia merged with Caucasus Online adding new products and capabilities to the Company’s portfolio. Since 2008 Caucasus Online has been the sole owner of a fiber-optic cable through which it transits Internet traffic from Varna to Poti. Currently Caucasus Online offers the following telecommunication services: internet services (DSL; fiber optic wireless broadband); wholesale service (IP Transit); International channels (Capacity Transit Services); telephone (fixed; VOIP); international telephone code 8-07; hosting/co-locations; IP TV. 



LTD DAGI was founded in 2014 and since then the company operates in accordance with the quality control standards of construction, reconstruction, and decoration, based on its multi-year experience in the field, group of qualified engineers and architects. Main advantages and features of DAGI are its quality, effective services, professional performance, constantly mobilized workforce and modern special equipment. All these serve as a basis for successful completion of several large-scale projects throughout Georgia. DAGI owns an ISO 9001:2008 certificate (Quality Management Systems). In accordance with the decree of the chairperson of the Competition and State Procurement Agency dated July 18, 2012, DAGI is registered in the "White List".



Elit Electronics has been operating on the Georgian market for 21 years. The company manages the largest trade network of home appliances. Best products, a wide and constantly-updated assortment, warranties and after-sale services, delivery of purchased products and top-quality service - all of these aspects strengthen the name and place of Elit Electronics in the Georgian consumer market.

Elit Electronics is distinguished by its sophisticated trade infrastructure  represented in Tbilisi and all big cities of Georgia through 30 branches. Nowadays the number of  Elit Electronics employees are approximately 1000 people. Elite Electronics is  the first multi-brand  household tech store chain in Georgia. The company represents in Georgia big and well-known  companies such as Apple, Samsung, Sony, Bosch, Siemens, Gorenje, Philips, HP, Acer, Lenovo and others. Elit Electronics is the authorized partner of Samsung and Apple and  exclusive and sole representative in Georgia of  Bosch, Siemens, Gorenje  and Hitachi. 



Vivus.ge is the global brand of 4 Finance. The company has a leading position in Latvia, Lithuania, Poland, Finland, Denmark and Sweden. The company was successfully launched in 2012 in Russia, Spain, Great Britain and Canada. In 2013, the services of the company became available for the citizens of Czech Republic and Georgia. 4 Finance is Latvian Joint Stock Company, founded in 2008. The company has attained its success worldwide very fast. Its activities are primarily focused on fast, short-term nonbank loans.



Food retail chain FOODMART was founded in 2013. Today the company is represented by 3 brands on the market: FOODMART, IOLI GASTRONOMIA and SPAR. Number of shopping centers amounts to 58 and the above mentioned brands operate in four largest regional centers: Tbilisi, Kutaisi, Batumi and Zugdidi. In June 2014, FOODMART signed a Licensing Agreement with SPAR International on the re-branding of all FOODMART and IOLI stores throughout Georgia. In 2016, for the first time in the history of Georgian retail market, with the company’s initiative, the first SPAR regional sub-franchise was opened. SPAR International is the largest chain of trading centers around the world encompassing more than 12,000 retail stores in 42 countries, including Georgia. Along with the wide chain of stores, the company “FOODMART” also possesses an enterprise with ultramodern equipment, providing both its own trading centers, as well as those of other partners’, for 24 hours around the country, with food products, confectionery, and bakery it produces. 1400 people are employed by the company. This number increases as the company grows.

GAA Management


Georgian American Alloys" and "Georgian Manganese" LLC  comprises  Zestafoni ferroalloy plant, Chiatura manganese mine, Vartsikhe hydropower it is  the largest exporter company in Georgia with about  6500 employers. 

GD Group


GD Group and affiliated companies - GD Alco, International Brands Network, Georgian Distribution Marketing Company are one of the most successful grocery products distribution companies that hold leadership positions in food and beverage wholesale distribution market nationwide. GD Alco has its own premium alcoholic beverage store chain Whiskey House and it is developing a new chain Alcorium, which is supposed to cover more consumer categories. LTD GDG – obne of the group’s companies - is a regional leader in selling premium alcoholic beverages and serves as a logistical hub in the South Caucasus and Central Asia countries. The company owns a customs cargo space. The company constantly develops modern technologies and systems and they are reliable and long-term partners for Georgian, as well as for many other international companies. 

Georgian Airways


The air company ''Airzena'' was established in September 1993.

Initially, ''Airzena'' operated charter flights to United Arab Emirates, Italy, China, Egypt, India, Syria, as well as the regular flight to Vienna.

In that economically and politically complicated period, due to the correctly selected strategy, the company succeeded to achieve recognition and retain its share in the aviation market.

In 1999 ''Airzena'' became the flag carrier of Georgia.

In August 2004, the company changed its name to ''Georgian Airways''.

In the first half of 2000 the air company's management made a decision to modernize the fleet, and leased two BOEING737-500 aircraft from a German company ''Hapag-Lloyd''. This was the first case when the Georgian air company started operating the up-to-date Western equipment. Since that time, ''Airzena'' has been permanently developing and modernizing its fleet.

Georgian Beer Company


JSC Georgian Beer Company was established in 2011. The brewery is equipped with European machinery and power efficient technologies. On April 4, 2012, the company introduced a new Georgian brand of beer and lemonade “Zedazeni” to the market, thus acquiring the leading position in this industry from the very first year of its introduction. A month after its opening, the brand “Zedazeni” obtained ISO 9000 Certificate of Quality Management, followed by ISO 22000 Certificate for Food Management Safety. Moreover, the Company participated in various exhibitions, attained its international recognition and acquired the status of the Best Product of the Year. These achievements resulted into significant enlargement of export market. By the end of 2012, JSC “Georgian Beer Company” became the partner of the largest German Group „Bitburger Braugruppe” and received a license to produce a prime-class brand „Konig Pilsener”. In 2013, the Company introduced a new beer “Khevsuruli” produced with the technology utilized in mountains, as well as the first Georgian energy drink “Wilder” and various kinds of diet lemonade. Today the Company owns the third of the Georgian market of beer and non-alcoholic beverages.

Georgian Health Group


Georgia Healthcare Group is the largest healthcare services provider in the fast-growing, predominantly privately-owned, Georgian healthcare services market. The company differentiates itself by the nationwide scale of its network, unparalleled mix of services and a cluster business model, which is unique in Georgia. GHG primarily focus on the mass market segment in Georgia. The company delivers healthcare services through the network of 41 hospitals and clinics, which are organised in geographic clusters and a referral hierarchy, whereby patients are referred up the chain from ambulatory clinics to hospitals.  GHG offers services ranging from basic outpatient and inpatient care to complex specialist services. The group also provides medical insurance, which is positioned to complement the group’s healthcare services business. Georgia Healthcare Group offers healthcare services under the Evex brand name and health insurance under the Imedi L.

Georgian Industrial Group


Georgian Industrial Group (GIG), with 20 year of experience, is one of the largest industrial holdings in Georgia. The profile of GIG covers coal mining, electricity generation (hydro, natural gas and coal stations), trade in natural gas and management of immovable property. In 2006, the company, with 20 years of experience in business activities in Georgian market, was established as a holding.  GIG is the only coal producing company in Georgia, simultaneously owning such economically important Georgian coal mining assets as Tkibuli-Shaori and Vale coalfields. In the coal mining business GIG is represented by Saknakhshiri LLC. The majority of the enriched coal produced is sold under long-term contracts (1 year or more) to the local consumers. In the long run, company intends to increase its extraction volume up to 1.5 million tons annually, to meet both growing local demands, as well as start export sales. 

Georgian Railway


Georgian Railway is one of the significant parts of the Euro-Asian Transportation Corridor, linking Europe with Central Asia. Construction of the railway mainlines, connecting Black and the Caspian Seas, has been launched in 1865. On October 10, 1872, first passenger train arrived from Poti to Tbilisi. This is the date regarded to be the “Birthday” of the Georgian Railway. Outstanding Georgian public figure Niko Nikoladze played a principal role in the construction of the railway in Transcaucasia. The complex geographical terrain of Georgia triggered the construction of a number of artificial buildings, which include more than 3,700 constructions. Total length of the Georgian railway is 2,344, 2 km. On April 12 2012, Georgian Railway was reestablished as a Joint-stock Company.


Geostar was founded in 2004 with Georgian capital. The main activity of the company is the import and distribution of consumer products. Head office is located in Tbilisi, where the company owns its the material-technical base. The company operates around Georgia and it employs about 200 people. Now Geostar is the exclusive distributor of such brands in Georgia as Nivea, Aquafresh, Bic, Papia, Molped, Molfix, Bingo, Bonduelle, PastaZara, Avedov, Pompea, Sisi, Glamour and others.

GeoSteel LLC


GeoSteel is one of the largest direct foreign industrial investments in Georgia. It is a joint venture between JSW Steel Netherlands BV  and Georgian Steel Group. GeoSteel is ISO 9001 certified company. It is customer-oriented and strives to attain high quality in production. Its production facility is spread over 13 hectares. It is situated in the center of Rustavi city.  The company employs 110 professional staff and 375 support staff. GeoSteel’s  has the capacity of producing 200,00 tone liquid still.  

Global Benefits Georgia


Risk Management & Insurance company Global Benefits Georgia is an advanced player on Insurance Market with international dimension.

Global Benefits Georgia is the regional representative of internationally established insurance company – Global Benefits Group. The company carries out risk management, life and non-life insurance  for corporate sector and operates on Georgian and International insurance Markets.

Global Benefits Georgia develops and implements benefit programs that encompass all areas of the insurance fields, from medical, life, travel, property, motor, management responsibility and special group insurance. The company creates wide range of insurance products and services that are tailor-made for the needs of your business.

Company’s key shareholders are international Insurance Company “Global Benefits Group” (GBG) and one of the biggest industrial holding in Georgia – “Georgian Industrial Group” (GIG).

Global Benefits Georgia offers a wide range of insurance products:

1.   Life and Health Insurance

In Life and Health insurance Global Benefits Georgia provides International products and services in collaboration with Global Benefits Group. The Insurance plans were developed and adjusted specifically for Georgian Market.

The Life and Health portfolio consists of Health, Critical Illness, Life and Disability, Travel, TieCare International and ATMSafe Insurances. Each product has high coverage limits and international dimension. For each insurance product the customer has Private Risk Manager and a free choice of medical facilities worldwide.

2.   Property and related Risk Insurance

Global Benefits Georgia carries out individual risk assessment and provides high quality tailor-made insurance benefits to the corporate sector. Since risks and needs are unique for every business unit, so are

3.   Special Group Insurance

At Global Benefits Georgia special group insurance plans are available for Diplomatic Missions, International Non-Governmental Organizations, Georgian and Foreighner Students, Diplomats and their family members, Professional Sportsmen.

4.   Individual Insurance




Goodwill was established in 2004 and has been constantly, dynamically developing. Nowadays it holds 2 hypermarkets, 4 supermarkets, centralized enterprise, cafes and Bulanzheria across the country. Goodwill employs up to 1400 people. The company mission is to be a leader on a retail and production market, to conduct its operations and activities always bearing in mind interests of its consumers, associates and public at large.

1. Goodwill Didi Dighomi – the first hypermarket of Goodwill was opened in Dighomi in 2004 (total area: 24 000 sq. m.)

2. Goodwill Vake was opened in 2009 (total area: 2 500 sq. m.)

3. Goodwill Saburtalo was opened in 2011 (total area: 4300 sq.m.)

4. Goodwill Batumi was opened in 2010 (total area: 1,400 sq.m.)

5. Goodwill Batumi, at the fuel station of Socar, main road  ( total area: 250 sq.m.)

6. Goodwill Gori, opened in 2012, East west Highway of Georgia – Tbilisi-Gori (total area: 800 sq.m.)

7. Goodwill Lilo - in the entrance of Tbilisi, at the fuel station of Socar ( total area: 500 sq.m.)

8. Goodwill Batumi (#88 Gorgiladze street) was opened in 2015. (total area: 2600sq.m.)

Since 2004, the Goodwill Company has been a leading brand on the Georgian retail market. On the top of expanding the range of products and sales, Goodwill is increasing its own production capacities. The company managers have a major task of proposing innovations, new products, customer-focused projects and new business ideas. Highly qualified and adequately motivated staff is committed to ensuring customer satisfaction.

Goodwill’s areas of activities are quite wide as it can be seen from its multi-format structure. Goodwill is one of the biggest importers of German, Holland, Italian, French, Bulgarian and Ukrainian food and non-food products in Georgia.

Goodwill has the following sub-brands: Goodwill Celebration (More than 100 corporate clients), Goodwill Gelateria, Bulanzheria – Marshe, Cafes "Panorama buffet".



GORGIA was founded in 1998 and has become one of the first DIY retailer on Georgian market specialized in building and construction materials distribution and retail sales. Today GORGIA is the largest home improvement specialty retailer group in Caucasus region. In Georgian retail market, GORGIA is presented by two brands: HYPERMARKET GORGIA and GORGIA PREMIUM.


In 2014 GORGIA has opened the first and the biggest DIY hypermarket in Georgia. Currently, GORGIA has four branches in below cities: Tbilisi, Batumi, Kutaisi and Zugdidi. With more than 35,000 great-value products all under one roof in low-price format hypermarket chain GORGIA strives to offer customers everything they need to successfully achieve their home improvement and DIY projects: Building Supplies, Doors, Flooring & Tiles, bathrooms, furniture, Heating & Cooling, Roofing, Paints & Wallpapers, Home-ware and other products available at the best prices.


From contemporary to modern, GORGIA PREMIUM has one of the widest selections of luxury Bathroom, Furniture, Doors, Tiles and Flooring ideas in Georgia. GORGIA PREMIUM offers luxury and style combined with functionality to suit different customer's lifestyle. GORGIA PREMIUM works with designers, architects, and developers, from design stages through to installation to help its customers to create a unique design.

GORGIA is committed to being a global company by enhancing its direct relationships with quality manufacturers, and reinforcing the confidence it has in global suppliers to provide products that offer GORGIA customers quality, value, and innovation. The aim of the company is to maintain the leading position in Georgian market and completely satisfy consumers' needs. The great aspiration for improving the degree of customer service is confirmed by ISO certificate received in 2009.

Many years of experience, the assortment of various and high-quality products, professional staff, more flexible services - That's why Georgian customer chooses GORGIA.



Since 1996 GPC actively participates in establishing famous foreign brands in Georgia. One of the main strategic goals of the company is to establish high quality medication and innovative technologies in pharmaceutical field in Georgian market. GPC is one of the largest pharmaceutical companies in Georgia. With this purpose “GPC” cooperates with world-famous manufacturing companies, such as Pfizer, MSD, Aventis, Pasteur, Solvay, Beaufour-Ipsen, Ratiopharm, Pliva, etc. Imported products cover child care items, cosmetics, hygienic care. By 2013, the company owned up to 100 pharmacy stores throughout Georgia and currently the company employs more than 1500 people. 

GPI Holding


GPI Holding was established in 2001 as a first private pension fund in Georgia. Promotion and development of so-called social insurance lines – health, life and pension insurance, were identified as top priorities of the company upon its establishment. GPI Holding actively continues the development of prioritized insurance lines to date. In 2006 GPI Holding became a member of the Vienna Insurance Group - one of the leading insurance companies in Europe. In accordance with 2015 statistics, GPI Holding is the leader in the insurance market and holds 20.26% of the market. The company has already engaged up to 210 000 people in health insurance, served by 17 hospitals in 16 regions. GPI Holding is famous with its innovative decisions and offers a number of innovations to its consumers. In 2016, firstly in Georgia, GPI Holding established an online portal for its consumers www.mygpi.ge

It is worth noting that the company managed to acquire the status of the Best Company twice and was nominated the Best Insurance Company in Golden Brand Nomination.



Gulf Georgia is one of the leading oil companies on the Georgian market, distinguished by high quality fuel and customer service. This international brand has been represented officially in Georgia by Sun Petroleum Georgia LLC since March, 2010. This world brand established back in 1901 in the United States is currently one of the major players in the world market. Gulf Georgia currently successfully operates 140 refueling stations country-wide, 43 of which are located in Tbilisi. The company imports fuel from the best oil refineries in Europe; in terms of quality control it complies with world class standards. Gulf refueling stations are distinguished by modern equipment and western state-of-art innovative technologies. Gulf is one of the major employer companies in Georgia. It has more than 1300 employees and their number is increasing daily.

Iberia Refreshments


"IBERIA Refreshments" produces non-alcoholic soft beverages. Main products are Pepsi and Pepsi Light. JSC "IBERIA Refreshments" has been operating since 2004.  In 2005 PepsiCo International awarded "IBERIA Refreshments" as the largest growing company among Pepsi bottlers. Today the company holds one of the leading positions in the Georgian market. 227 people are employed by the company. Annually, the company expands its production variety and offers new products to its customers. Over the last 3 years Aquafina with lemon, tangerine, green apple, Mirinda and Mountain Dew flavors - joined "IBERIA Refreshments" product range.



International Development Company IDECO appeared in the real estate market of Georgia in 2007. The company mainly focuses on real estate development, construction management, real estate management and services. Residential complex Opera Residence is one of the projects of the company, which was completed in 2012. Opera Residence has 5 above the ground and 2 underground parking levels. It delivers high-class fully completed 65 residential apartments and 25 isolated office spaces, all located in the area of 9000 square meters.  IDECO was one of the pioneers in the Georgian market to offer to its customers apartments and offices built with ecologically clean and energy efficient material.
IDECO is actively involved in the reconstruction of the historic Tskaltubo spa resort. The holding owns the main strategic locations and healing bathhouses in Tskhaltubo.
In addition, IDECO together with its partners owns a storage space of 7.5 ha, which has a significant role given Georgia’s transit location.
The company is also actively considering possible investments in energy projects. Agricultural business is another new area of interest for the company as this field has important potential for developing the business given Georgia’s agriculture traditions and resources.

International Corporation ICR


International Corporation ICR is one of the largest and most stable organizations in the field of retail business in Georgia. The company started its operations in 1993 and currently employs up to 700 people. ICR represents international brands of footwear, apparel, accessories as well as furniture and food and beverage outlets. Portfolio of the company combines 22 brands.

From 2016 ICR operates as a holding and includes following companies: International Corporation ICR, ICR Trade, ICR Food and Beverage, Hippo.

Knowledge Fund -Tsodnis Phondi

Knowledge Fund (KF), a non-profit, charity organization, was founded by Kakha Bendukidze in 2007. KF is the largest endowment in higher education in Georgia. Knowledge Fund is the founding organization of the two leading Universities: Free University of Tbilisi and Agricultural University of Georgia. The purpose of the Fund is to ensure provision of world quality higher education to Georgia's young generation and encourage high quality research in the country. To this end, KF invests in educational infrastructure, research and education. Moreover, the Fund encourages the increase of accessibility of high quality higher education through scholarships. Since 2007 KF invested over 50 ml USD in higher education. This is an unprecedented volume of private investment in higher education in Georgia.



KPMG is a Big Four company, a global network of professional firms providing Audit, Tax, and Advisory services, operating in 155 countries and having more than 174,000 people working in member firms around the world. Our purpose and aspiration is to turn knowledge into value for the benefit of our clients, our people, and the world’s capital markets.

Liberty Bank


Liberty Bank is a successor of a state-owned Agromretsvbank, which was privatized in 1994 and later renamed to People’s Bank of Georgia. In March 2010 the bank was renamed again to “Liberty Bank”. 
Liberty Bank has the largest network of branches and service centers nationwide and provides services to over 1.4 million individuals and 72000 legal entities. Liberty Bank is third largest bank in Georgia in terms of total assets and has 8.2% market share. In September 2009 Liberty Holding Georgia and Liberty Capital jointly purchased a control package of shares.

Lilo Mall


Ltd Lilo Mall, formerly Elsavako was founded in the year of 1991. Strategic location, wide range of products presented, affordable prices, both wholesale and retail trade availability have become the competitive advantage of the commercial center and contributed to its success. For many years Lilo Mall was the major supplier not only to the regions of Georgia, but also to the other countries in the Caucasus. At the moment Lilo Mall is a commercial center located across 22 ha territory with more than 5 000 trading units.

Magi Style


Construction and development company “MAGI Style” was founded in 1995. It is one of the leading private construction companies in Georgia. Construction business of the company is aimed at building solid and secure buildings. Main activities of the company include projection and planning, interior and exterior design, housing and office development and management, construction development.



Ltd. Hotel Network Mgzavrebi (passangers) was founded in 2008, the company's business activities are construction of hotel complexes in the resorts of Georgia, selling hotel apartments, and hotel management. Currently company has built 8 hotel-buildings in Bakuriani, 3 buildings in Gonio and 1 building in Batumi - in total 600 hotel-style apartments. Currently, new hotels are being built in Gudauri (160 rooms), Bakuriani (70 rooms) and Gonio (50 rooms). At this moment the company has attracted and made investment of approximately 50 million laris. The company's annual turnover is about GEL 10 million, while the company's assets amount to GEL 20 million.
The company also owns subsidiaries (in the village Gldanula and Kutaisi). The main direction of the companies are manufacturing of woven furniture and wood furniture.



Wireless service provider in Georgia Mobitel is part of VimpelCom group of companies.  Mobitel Co. ltd. provides wireless services in GSM-900/1800 standard.  Since 2007, the company has been working on expanding its coverage zone by building a modern and reliable network, which allowed implementing fourth generation services and establishment of a quality modern network.
Beeline offers its customers not only convenient and useful products and services at competitive prices, but also cutting edge technology. In November 2011, Beeline was the first in Georgia to test the capabilities of the 4th generation communication network – LTE. 
VimpelCom’s operations around the globe cover territory with a total population of approximately 739 million people. As of June 30, 2014, VimpelCom had 220 million mobile customers on a combined basis. VimpelCom stocks are traded in New York stock Exchange (NYSE) under the symbol VIP.



Nikora has held one of the leading position in the local food products market. The history of the company starts in 1998 year and it concerns to production of everyone’s favorite sausages Rdziani (Milky) and Iveria.
Nikora’s working strategy - development / constant striving for expansion, mastering / implementation of skills, is the main reason for the fact, that nowadays the holding is producing about five hundred products and along with meat products, it covers many areas of the food industry.
At present time, the holding incorporates meat products, semi-finished products, fish products, dairy products, ice-cream, bakery products, frozen confectionary and wine companies. The company is also actively engaged in import and in absence of farmers, Nikora imports raw materials from world's reputable factories for manufacturing their goods.
The number of the chain stores of Nikora across Georgia is more than 200. Except the supermarkets chain named after brand Nikora, the holding owns the trading centers of Nugeshi, Libre, Sandei.
Nikora Holding incorporates the company Intrade, which imports alcoholic and non-alcoholic beverages of world-wide known brands in the local market.
Also, Nikora is one of the biggest employer. Nowadays, the holding employees up to four thousand people, whose number is raising in direct proportion of company’s development.
Nikora is one of the first company on local market, which has been owning ISO 9001 : 2008; ISO 22000 : 2005 – НАССР certificates for many years and strictly observes international standards of quality management and food safety in production and management.
Consumer’s trust and loyalty to Nikora is determined with the company's 16-years of experience, consistent high-quality products, a diverse range of products, converge of price and quality and constant dialogue with the public.

Nodia, Urumashvili & Partners LTD


Nodia, Urumashvili & Partners was founded in 2005 and soon, the Company came to the front as one of the leaders in the field of legal advice provided to major industrial and commercial entities.
The Company’s practice is supported by the legal pros in charge of the local and international business, which possess the truly balanced knowledge of distinctions of the various fields of law both within the local and international environment.
The company is focused on gradual growth of the Company, development of its services and improvement of the quality thereof.



Founded in 1967 by two brothers and their friend, Oriflame is now an international beauty company selling directly in more than 60 countries around the world. On November 20, 2000 the Company Representatives visited Georgia and officially launched "Oriflame Georgia, thus adding another country to the network of country offices.
Oriflame products are marketed through a sales force of approximately 3 million independent Oriflame consultants  and 8000 employees, who together create annual sales of around €1.5 billion. A product range is approximately 1000 products. Together with queen Silvia of Sweden- Co-founder of World Childhood Foundation - the company owns 5 factories in Sweden, Poland, China, Russia and India; Global R&D centre of Oriflame has  more than 100 scientists and experts employed. 
The company has been listed on the Nasdaq OMX Exchange since March 2004. It has operations in more than 60 countries of which 12 are operated by franchisees.

Petrocas Energy Group


Petrocas Energy Group is a multifunctional holding operating in the field of oil & petrochemicals transportation in the Caspian Region, Middle Asia and South. The group's activities range from trading, forwarding and supply to handling and storage of oil and chemical products transported from East to West and West to East through the Poti oil terminal. The Group also owns one of the largest retail petrol stations in Georgia operating under the world-renowned brand – GULF Oil International. 

Philip Morris Georgia


Philip Morris Georgia LLC is an affiliate of Philip Morris International Inc. (PMI) - the leading international tobacco company, with seven of the world’s top 15 international brands, including the number one cigarette brand worldwide.

PMI’s products are sold in more than 180 markets.

In 2014, the company held an estimated 15.6% share of the total international cigarette market outside of the U.S., or 28.6% excluding the People's Republic of China and the U.S.



PSP has been operating in the Georgian pharmaceutical market for over 20 years. The priority area of the company includes manufacturing of pharmaceutical products in the pharmaceutical factory GMP, leadership in the domestic market and export, increased distribution, expansion of pharmacy store and hospital chains, and development of insurance sector. PSP is the only pharmaceutical company in Georgia, which owns and operates GMP factory- a modern, innovative pharmaceutical factory which meets international standards (www.gmp.ge). PSP pharmaceutical company acquired GMP (Good Manufacturing Practice) certificate from the European community, the so called Good Manufacturing Practice certificate which is the EU License for pharmaceutical manufacturing and a quality guarantee document for manufacturing drug products. PSP has its own pharmacy chain, which offers to customers guaranteed quality medicinal products for affordable prices, quality pharmaceutical services. As of now, the company runs over 160 pharmacy stores all over Georgia. German certification organization TUV-Reinland/Berlin-Branderburg Group awarded PSP with an International Organization for Standardization certificate ISO 9001:2000



Ras Al Khaimah Emirate investment Group was formally established in Georgia on November 30, 2007. As one of the largest investors, the company's business activities cover several sectors. Tbilisi Mall is one of the investment projects implemented by the Group. Currently, the Group prioritizes development of Poti Free Industrial Zone and existing hotel business. In addition, the company plans to invest in such areas as energy, logistic, etc.
Ras Al Khaimah Emirate investment Group has already employed thousands of people in its implemented projects and project planning activities.  As of now, the group has the following member companies operating in Georgia:"RAKIA Georgia", "RAKEEN Development Georgia", "RAKEEN uptown development", "RAK Georgia - Poti Free Industrial Zone". 



The history of Redix starts from 2007. Main activities of the company include real estate development and management. At present, "Redix" has 35 large and medium projects of different types. More than 300 people are employed by the group.  The market value of the company assets is worth 150 million USD. According to 2013 data, Redix Group paid up to 3 mln GEL of taxes to the Georgian budget.    



„რენტალსი“ უძრავი ქონების საბროკერო და საკონსულტაციო კომპანიაა, ქართულ ბაზარზე მუშაობის 8 წლიანი გამოცდილებით. კომპანია ფოკუსირდება მხოლოდ მაღალი კლასის საცხოვრებელ და კომერციულ უძრავ ქონებასთან დაკავშირებულ ტრანზაქციებზე. ამ მიმართულებით კონსულტაციას უწევს  საქართველოში წარმოდგენილ 20-ზე მეტ საელჩოს,  ათობით საერთაშორისო ორგანიზაციასა და მრავალ კერძო თუ ინსტიტუციონალურ ინვესტორს.

ხარისხზე ორიენტაციისა და მაღალი სანდოობის გამო, მიღებული აქვს ელჩებისა და მსხვილი კომპანიის პირველი პირების სარეკომენდაციო წერილები. მხოლოდ 2015-2016 წლების განმავლობაში კომპანიამ გააქირავა და გაყიდა ჯამში 13.000 კვ. მ-ზე მეტი „ა“ კლასის კომერციული უძრავი ქონება, ხოლო საცხოვრებელ ნაწილში ათობით პრემიუმ კლასის ბინა და ელჩის სარეზიდენციო სახლი.

დასრულებული (გაყიდული ან გაქირავებული) პროექტების შერჩეული სია:

საოფისე შენობები: ჰოლანდიის საელჩო, ევროსაბჭო, პოლონეთის საელჩო, ლატვიის საელჩო, ყატარის საელჩო, ჰილსაიდრეზიდენსი, არვატო, ელ-ჯი, ბოში, ევროპის საინვესტიციო ბანკი (EIB).

რეზიდენციები: იტალიის, პოლონეთის, ავსტრიის, შვეიცარიის, ბრაზილიის, იაპონიის, ყატარის, მსოფლიო ბანკის, IFC, IMF, ADB, გაეროს ელჩებისა და პირველი პირებისთვის.   

2017 წელს „რენტალს“-ს დაგეგმილი აქვს აქტიურად შევიდეს ახალი დეველოპმენტების სეგმენტზე და შესთავაზოს დეველოპერებს   მარკეტინგისა და გაყიდვების პროცესების ეფექტური ორგანიზება და მართვა.   



" SAGA "- is a latin word and means long history. The company justifies its name by 23 years of successful work.

The company was founded in 1994 and was the first biggest importer of electric water heaters in Georgia.

High importance in development of the company was beginning of partnership with the famous Italian company -  MTS GROUP , in 1995, which is presented on the market under ARISTON brand name.

Since 1998, the company has started operating on the market under the name  "Victoria Service". As the result of successful partnership with distributors and partners , company increased its  market share and range of products.

For today, company cooperates with about 60 suppliers and 576 dealers all over the Georgia. In 2003 company was named store chain “YOUR CHOICE”. In 2012, "Your Choice" was re-branded and the new brand of heating-conditioning-ventilation-hot water supply - "SAGA" appeared on the market.

The company is the largest importer and distributor of HVAC systems. By 2017 the store chain "SAGA" is represented by 12 trade points in Georgia.”

In November 2015 “SAGA IMPEX” Holding, considering Transportation Logistics market in Georgia, in order to ensure Time, Cost and Human Resource optimization, created web based Portal “Marbi Logic.” Optimization of Transportation Cost by 22% and significant improve of service quality is just brief benefit “Saga Impex” got from the product during 6 months; Therefore, in June 2016 “Marbi Logic”  was officially presented to Georgian Market as the Market adapted innovative product.

The Logistics Platform ensures correct, simple, transparent and optimal communication between Cargo owner and Cargo carrier Companies, ensures integration of Partner Companies’ interests and offers to its Customers High Quality Logistics Service;

Company Mission is to Standardize Georgian transportation market and support the service provider Companies to develop in right direction according to market request; At the same time providing to the partner Companies optimal transportation solutions with acceptable price;


Sante GMT Products


Sante GMT Products, LLC is the largest producer of dairy and juice products in Georgia. With the support of the Overseas Private Investment Corporation (OPIC), the U.S. Government’s Development Finance Institution, an old Soviet factory was upgraded into a modern dairy plant operating in conformity with the highest international standards.
Throughout the last 15 years Sante was able to substitute the demand for artisanal dairy products which dominated the market in the past and create a totally new market for factory produced dairy. Today, Sante has a portfolio of over 120 products under five brands.
In addition to providing a quality food supply, Sante has helped generate income for thousands of families through a network of milk collection centers, which were developed with OPIC’s assistance, in rural and mountainous areas of Georgia. Through this network of milk collection centers Sante collects milk on a daily basis from small rural families and produces high quality dairy products made of Georgian natural milk.
In 2015, Sante GMT Products was awarded the OPIC Development Impact Award recognizing the company’s achievement in the economic development of Georgia.

Sharm Trading


Sharm Trading is the leading distribution company in Georgia, which has established itself as a leader since its founding. The company was founded in 1998. Despite of insignificant resources, young and aspiring personnel made it a great success. As a result of the partners’ complete trust and successful business activities, Sharm Trading has become the exclusive distributor of the global brands in Georgia and Armenia. Today, the company distributes such famous brands as Unilever, Henkel, Schwarzkopf & Henkel, Eszacibasi, Tchibo, SCA, etc. During the term of its business activities at the South Caucasus market the Company firmly confirmed its high professional level and ability to maintain stability, which ensured its long-term and close relationships with partners. Sharm Trading employs about 600 people all over Georgia, while in Caucasus  the number is 1000. The aim of the company is to provide customers with global brands’ products, quality distribution to both trade and service providers and hair salons around the world. 

Silk Road Group


“Silk Road” holding has been established for the purpose of consolidating the interest of its companies. These interests are: infrastructure, transportation, trading, food market, real estate, financial services, investments and corporate services. 



SILKNET is a new company in the Georgian Telecommunications market, founded on March 12, 2010. SILKNET offers comprehensive telecommunications packages to its consumers nationwide (Telephone, Internet, and Television). The purpose of the company is to secure a leading position in the telecommunication sphere by becoming customer-oriented at maximum extent, through offering innovative products, establishing new services and increasing market share and profitability. Top priorities of the company are: highest consumer orientation, highest quality, permanently offering innovative and diverse products, corporate and social responsibility.



SOCAR Energy Georgia Ltd was founded in 2006 with the aim of providing investments to the Georgian economy by carrying out the retail and wholesale trade of oil products, the importing of oil products and liquid gas and the construction of oil terminals and reservoirs. Since the very beginning of establishment, SOCAR has been able to position itself as market leader within the energy sector of Georgia. SOCAR Energy Georgia Ltd has since established several daughter companies which operate in various spheres. Among these are SOCAR Georgia Petroleum Ltd and SOCAR Georgia Gas Ltd.

SOCAR Georgia Petroleum Ltd has been operating within Georgia’s oil industry since September 2006. The company’s monthly turnover amounts to tens of millions of USD. The company successfully carries out the import and sale of competitive and high standard oil products. From 2008 it started development of its retail sales network. As of today 113 petrol stations operate in Georgia, which are all well equipped to offer top quality services to their customers. More than 1500 people are currently employed by the company.

One of the strategic directions of SOCAR’s activities in Georgia is focused on the natural gas market. With intent of establishing themselves within this market, SOCAR Energy Georgia founded a daughter company, SOCAR Georgia Gas Ltd, in June, 2007. The company won a tender announced by the Ministry of Economic Development of Georgia for a large-scale project of gasification in more than 30 regions. Nowadays SOCAR Georgia Gas Ltd carries out natural gas distribution in 44 regions of Georgia, services 386000 user-entities, employs 1960 persons.

TBC Bank


TBC Bank is a leading universal banking group in Georgia.  With an unmatched share of retail deposits at 33.3% and retail loans at 27.8%, it holds a second position in loans and assets with total market share of 27.% and 25.8%, respectively.
The bank serves around 1,200 thousand clients through a diversified multichannel platform that comprises 121 branches of TBC Bank and Bank Constanta, one of the largest network of ATMs and POS terminals in Georgia. It has approximately 49 00 employees, more than half of whom have been with the Bank for 4 or more years.
Over the years, we have received a number of prestigious industry awards, including being awarded as the Best Bank in Georgia by Global Finance magazine six times, also, six times nominated by The Banker and three times by EMEA Finance and Euromoney.
TBC Bank offers a wide range of banking products and services to its retail, corporate, SME and micro clients with the majority of its businesses concentrated in Georgia.



The story of the company begins in early sixties of the twentieth century, namely in 1962.  That was the year Tbilisi held its 10th International Congress of Winegrowers and the largest wine factory of that time was launched. 
Despite its long-standing history and large scales, the factory remained an essential part of the Soviet winemaking industry, even in post-Soviet era until in 1999, when it emerged as an independent wine company with new philosophy and approaches that still are undergoing substantial development. The philosophy stands for the belief that Tbilvino should be responsible for every bottle of wine produced in the company, track closely the whole process of winemaking, from the vineyards to the consumer respond to new trends. Tbilvino has been widely applying experience of contemporary winemakers. Since 2002 the company works closely with winemakers from France, Australia and Italy with an outstanding wine philosophy which has helped the company shape its styles and approaches.

Tegeta Motors


Tegeta Motors is a Holding offering full range of auto products and services to corporate and retail customers. Tegeta Motors has 5 daughter companies: “Tegeta Truck and Bus” LLC (official representative of “MAN Truck & Bus AG"), “Tegeta Construction Equipment” LLC (JCB official representative), Tegeta Premium Vehicles (official representative of Porsche and Mazda), and a new daughter company “TOYOTA CENTER TEGETA” (official dealer of TOYOTA in Georgia). 

Tegeta Motors offers its customers diagnosing and repair of light and heavy vehicles, trucks, buses, construction and specialized equipment with the help of authorized programs. Nowadays the number of Tegeta Motors employees are more than 900 people. Tegeta Motors serves about 10,000 corporate customers and approximately 800 wholesale units, having sophisticated trading infrastructure represented in Tbilisi and all big cities of Georgia through 19 branches. Tegeta Motors is a leader of market in the field of provision of auto products and services. The company enjoys the same success at Caucasus market.

Tegeta Motors  represents in Georgia big and well-known companies such as Bridgestone, Michelin, Hankook, Varta, Exide, Optima, Shell, Motul, Meguin, Hengst, ZF Parts, Lemforder, Sachs, Philips, Bosch, BPW, Thermo King, Febi, Federal Mogul, etc.



Terabank plays an important role in the Georgian banking sector for over 17 years now. Focused on SME’s, owners and employees, Terabank is a customer centric, boutique bank, providing exceptional customer experience.  Terabank aspires to be a bank of choice and a trusted partner for entrepreneurs, their employees, and their clients.

Terabank offers flexibility, personal service, and solutions to its clients in a “financial home” environment that gives rise to a place and a style of communication that is personal, close, non-intimidating and as comfortable for the customer as being at his/her own home.

Terabank offers a wide variety of financial services to its retail and business clients.  



With 14 years of experience, UGT is one of the leading system integrators and providers of solutions in the field of information and communication technology. UGT’s mission is to assist its customers in reaching their goals by providing them with information and communications solutions based on modern technologies, products, and services. UGT provides integrated solutions to large corporations and government agencies. 
UGT clientele includes about 300 leading companies. Since its foundation, UGT managed to become a business partner and a supplier to over 25 world's largest IT companies.  In addition, UGT is the first system integrator in the Caucasus region. It holds an ISO 9001-2000 certificate. 

VTB Bank


VTB Bank is a universal banking institution, which offers full range of the modern commercial banking products to its consumers. The Bank, as a member of VTB International Financial Group, offers a high standard of services to large companies, small and medium businesses and individuals. The important goal for bank is to offer exclusive high-tech product and modern remote service. VTB Bank has ranking from global ranking agencies: Standard & Poor’s ‘BB-/B’. The bank has 34 branch offices throughout the country.

Wissol Petroleum Georgia


The story of Wissol Group started 14 years ago with selling of oil products. Currently, Wissol is one of the largest business entities in Georgia that not only covers all areas of energy sector, but also has developed construction, advertising, hotel, chain of supermarket and American restaurants businesses. Daughter companies of Wissol include: Wissol Petroleum Georgia, Air Wissol, Wissol Gas, chain of auto-service centers Vianor Georgia, Wissol Gas Distribution Company, Vellagio, Advertising company Alma. Supermarkets chain Smart, American Restaurants chain Wendy's Georgia, American Restaurant's chain Dunkin' Donuts Georgia, Hotel Lomsia, and a Fitness Center Laguna Kutaisi. International partnerts of the Wissol Group are:  BNP Paribas, Geneva, Societe Generale, Geneva, BCGE - Banque Cantonale de Geneve, ATB - Amsterdam Trade Bank, EBRD - European Bank for Reconstruction and Development, OPIC - Overseas Private Investment Corporation, Total, Chevron, Nokian Tyres, Vianor, Wendy’s, Dunkin’ Donuts.